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WorksheetsOperations recap Jan 2023
Total questions: 15
Worksheet time: 8mins
Machinery is an example of which factor of production:
Land
Labour
Capital
Enterprise
Which of the following is the opposite of just in time?
Stock control
Total Quality Management
Just in case
Kaizen
Which of the following businesses would be best suited to a just in time stock control system?
Car manufacturer
Nationwide footwear retailer
Wholesaler of building supplies
School uniform retailer
A business getting good value when buying products means that it will:
Always get the cheapest price
Always get the highest quality
Get the right balance between price and quality
Charge its customers the lowest price possible
Which of the following is a benefit to a business of having an efficient procurement department?
Improved levels of customer service
Increased levels of staff motivation
Higher sales revenue
Lower unit costs
Which of the following is the first stage in a supply chain for a chocolate bar?
The supplier of cocoa beans
The manufacturer of the chocolate bar
Transportation between each stage of the supply chain
The retailer
Which of the following job roles would be found within the logistics department for a large supermarket chain?
Customer services manager
Warehouse manager
Retail manager
Human resources manager
The time difference between a business ordering and receiving stock is called the:
Reorder quantity
Lead time
Buffer stock
Reorder level
Which of the following defines the term fixed cost? A cost which:
Varies according to revenue
Is only ever paid once
Varies according to output
Stays the same regardless of how
Details regarding how products will be produced and information relating to suppliers will be included in which part of a business plan?
Marketing
Human resources
Finance
Operations
Which of the following is a main reason why a supplier may be reluctant to supply a new business with stock?
The quality of the supplies may not meet customer expectations
The new business may request large volumes of stock
The new business may demand reasonable prices
High failure rate of new businesses
Which of the following businesses is most likely to locate next to a source of skilled labour?
Fast food restaurant
High street fashion chain
A budget hotel
A car manufacturing plant
A business decides to increase its selling prices. Which of the following stakeholders is most likely to be affected?
Suppliers
Local community
Employees
Customers
Which of the following is a benefit to a business of reducing its production times?
It will hold less stock
It sales will increase
Its staff will be more motivated
It could create a competitive advantage
Which of the following is a benefit to a supplier of consistently delivering products on time?
Repeat orders
Lower prices
Lower storage costs
Minimal buffer stock held
